1897 $20 PR64 Cameo
NGC....

Description

Extremely Rare 1897 Proof TwentyPR64 Cameo

1897 $20 PR64
Cameo NGC. From a tiny proof mintage of only 86 pieces, the
1897 proof double eagle is one of the rarest issues from the
turn-of-the-century era. Hard times in the financial sector, that
began with the Panic of 1893, were still hanging on and probably
limited the number of proof sets ordered by collectors. In the
Encyclopedia of U.S. Gold Coins 1795-1933, Jeff Garrett and
Ron Guth had this to say about the 1897 proof double eagle:

"Although the mintage of the 1897 issue is fewer than for the 1896
double eagle in Proof, the date is considerably rarer. There are
just 20-25 coins known in all grades. The population numbers are
higher, but these do not take into account resubmissions. There are
also several mishandled examples represented on the population
reports. After 1897, Proof double eagles become much more
available. The 1897 issue is underrated."

A search of auction records reveals only two prior appearances of
1897 proof Cameo double eagles at Heritage since 1990. NGC has
graded only six 1897 double eagles in the PR64 Cameo category, and
three finer; while PCGS has certified four example at this level,
with one finer (2/09). Of course, these figures may include
resubmissions.
The present coin is a visual treat, with bright yellow-gold
surfaces and thick mint frost on the devices. The fields display
the distinctive "orange peel" quality that is characteristic of
proofs of the late 19th century. Only a few light field marks keep
this specimen out of the Gem category. Overall eye appeal is
outstanding on this rare numismatic treasure.(Registry
values: P2) (NGC ID# 26EJ, PCGS# 89113)